Commanders being sold for $6 billion

[The Franchise]

EXCLUSIVE: Dan Snyder has reached an agreement in principle to sell the @Commanders for $6 billion to a group led by Philadelphia 76ers co-owner Josh Harris

Harris’ group, includes billionaire Mitchell Rales and former NBA star @MagicJohnson pic.twitter.com/ZIWKqeqtmN

— Sportico (@Sportico) April 13, 2023

[RunKC]

Prick goes from buying the team for $800 million to getting $6 billion.

[Skyy God]

Originally Posted by Pitt Gorilla

He's got a net worth of at least $600 million. Not sure all his theaters are worth that much anymore, but he's been an active investor.

Magic made $$ in real estate too, IIRC.

[Skyy God]

Originally Posted by RunKC

Prick goes from buying the team for $800 million to getting $6 billion.

Yea publicly financed oligarchies!!

[Rain Man]

Originally Posted by Pitt Gorilla

He's got a net worth of at least $600 million. Not sure all his theaters are worth that much anymore, but he's been an active investor.

He's a rare example of someone running into a flaming AIDS tree and thriving afterwards.

[LoneWolf]

Originally Posted by unBelizable

I get that you like the status quo and change scares you.

Pretty much textbook conservative personality traits.

What about "hire the most qualified candidate no matter what race or sex" screams "You like the status quo" to you. You are one simple, lying mother****er.

[Skyy God]

Originally Posted by LoneWolf

What about "hire the most qualified candidate no matter what race or sex" screams "You like the status quo" to you. You are one simple, lying mother****er.

The hiring of Paul Hackett’s idiot son tells your faulty premise to go **** itself.

[ToxSocks]

100 years from now this will look like a complete steal.

[LoneWolf]

Originally Posted by unBelizable

The hiring of Paul Hackett’s idiot son tells your faulty premise to go **** itself.

Why? Were you there for his interview with the Broncos? His shitty performance doesn't mean he didn't interview well and the Broncos didn't see him as the best candidate. The Broncos had just had a minority coach that sucked donkey balls so their hiring practices when it comes to minorities shouldn't be in question.

[Marcellus]

Originally Posted by Detoxing

100 years from now this will look like a complete steal.

Years and years ago I remember reading an article about how the cost of buying an NFL franchise had gotten to the point it had made it almost impossible for it to be profitable for 30-40 years. I believe a team at the time had sold for $500MM or something like that which was an all time high. They were comparing it to how cheap franchise had been in the decades previous which were really cheap comparatively.

That article was obviously dead wrong at the time, the money grew so fast it was impossible to lose $ at any point.

Now this scenario, I'm not sure how long its going to take to make $6 Billion back. Its an interesting question to ponder. If you profited $100 Million a year it would take 60 years. So $300MM a year you get a return in 20 years? $600MM a year in profit to return in 10 years? It would take a huge ROI annually to get there.

What's the interest rate on this capital? Surely they are borrowing a ton of $$.

Edit: Ironically it may have been about when Snyder paid $800MM for the Redskins in 1999. Seems that investment paid off.

[PAChiefsGuy]

Originally Posted by scho63

So he bought the Skins for $750 million and sells them for $6 billion.

Good thing the NFL taught him a lesson.

I learned you can be a sexist douchebag when you got the big Benjamins.

Making money isn't about being a good person. He made a smart investment and got a good return. Oh well.

[Rain Man]

Originally Posted by Detoxing

100 years from now this will look like a complete steal.

102 years ago, George Halas paid $100 for the Bears.

[Frazod]

With that kind of cash he can buy his own tropical island and go full Epstein.

[Kiimo]

Originally Posted by srvy

Hmmm don't think Dan Snyder being an NFL owner has made any impact on my life. I have a pretty good feeling now that he is out he will still have 0 impact on it still.

Sorry so many here were affected

Your philosophy about not giving a shit about anybody that exists outside your skin is certainly admirable.

[Skyy God]

Originally Posted by Marcellus

Years and years ago I remember reading an article about how the cost of buying an NFL franchise had gotten to the point it had made it almost impossible for it to be profitable for 30-40 years. I believe a team at the time had sold for $500MM or something like that which was an all time high. They were comparing it to how cheap franchise had been in the decades previous which were really cheap comparatively.

That article was obviously dead wrong at the time, the money grew so fast it was impossible to lose $ at any point.

Now this scenario, I'm not sure how long its going to take to make $6 Billion back. Its an interesting question to ponder. If you profited $100 Million a year it would take 60 years. So $300MM a year you get a return in 20 years? $600MM a year in profit to return in 10 years? It would take a huge ROI annually to get there.

What's the interest rate on this capital? Surely they are borrowing a ton of $$.

Edit: Ironically it may have been about when Snyder paid $800MM for the Redskins in 1999. Seems that investment paid off.

So, I hate to break it to you. But the ownership group probably didn’t pay 6 bills in cash.

Debt/financing is gonna multiply their ROI.

Do you even capitalism, bro??

[Skyy God]

Originally Posted by Kiimosabi

Your philosophy about not giving a shit about anybody that exists outside your skin is certainly admirable.

It’s an ethos.